Note 5—Leases

Operating Leases

The aggregate rental expense for 2012, 2011 and 2010 was $220, $208, and $187, respectively. Sublease income, included in interest income and other, net, and contingent rents are not material.

Capital Leases

Gross assets recorded under capital leases were $187 and $170, at the end of 2012 and 2011, respectively. These assets are recorded net of accumulated amortization of $19 and $13 at the end of 2012 and 2011, respectively.

At the end of 2012, future minimum payments, net of sub-lease income of $177 for all years combined, under non-cancelable operating leases with terms of at least one year and capital leases were as follows:


	Operating Leases		Capital Leases
2013	$	189	$	14
2014		184		14
2015		171		14
2016		164		15
2017		156		15
Thereafter		1,883		328

Total	$	2,747		400

Less amount representing interest				(217	)

Net present value of minimum lease payments				183
Less current installments⁽¹⁾				(2	)

Long-term capital lease obligations less current installments⁽²⁾			$	181

⁽¹⁾	Included in other current liabilities.

⁽²⁾	Included in deferred income taxes and other liabilities.

Certain leases may require the Company to incur costs to return leased property to its original condition, such as the removal of gas tanks. Estimated asset retirement obligations associated with these leases, which amounted to $44 and $31 at the end of 2012 and 2011, respectively, are included in deferred income taxes and other liabilities in the accompanying consolidated balance sheets.